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More About Fix and flip loans In Philadelphia

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Fix and flip loans have several advantages over conventional loans, one of the most important being time factor involved in sanctioning the loan. Get in touch with us to get the Fix and flip loans approval within less than five days in Philadelphia PA. – PowerPoint PPT presentation

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Title: More About Fix and flip loans In Philadelphia


1
Fix and Flip Loans
  • The Fix and Flip Loans are available to
  • Those who own investment property or fully
    plotted lot in need of capital for construction.
  • Those who want to purchase and renovate an
    investment property in order to sell it for
    profit.
  • Those who own investment property desiring to
    leverage that property for any reason.

2
5 Things You Need To Know About Fix And Flip Loans
  • There are some points you should thoroughly
    consider before applying for any type of fix and
    flip loans.

3
1.Keep Property Papers In Line
  • The fix and flip loans applicant must have all
    the property related papers in order and it
    should be clear title property, disputed
    properties .

4
Time Limit
  • It is generally not more than 13 months thats
    why most of the traditional banks in Philadelphia
    will not bother with fix and flip loans.

5
2.Time Limit
  • Most of the fix and flip loans have very short
    repayment term, mostly less than a year.

6
Property Value
  • So make sure that you have studied the property
    and the Philadelphia housing market projections
    very carefully before applying for flip flop
    loans.

7
3.Find Right Property
  • Since fix and flip loans are leveraged against
    the value of the property you are flipping make
    sure you have selected the right property.

8
Find Right Property
  • Since you have very limited time to pay back your
    fix and flip loans, your property locality and
    housing market conditions matter a great deal.

9
4.Interest Rates
  • So interest rates for fix and flip loans can rage
    anywhere between 8-16.

10
Interest Rates
  • while choosing a lender in you also need to
    consider the interest rate because after paying
    all the said dues, you should be able to make
    substantial profit.

11
5.Get Down Payment Ready
  • Whether Philadelphia or any other city of the
    country, you will get Fix and Flip Loans only up
    to 65 of your purchase cost of your property.

12
Down Payment
  • In some cases like purchasing and then developing
    the property you will need to pay about 20 money
    as down payment from your own pocket.

13
  • Hope you found this information useful for you.
  • We provide funding solutions NATIONWIDE.
  • Visit our website http//www.shepherdalternative
    funding.com/
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